"I set out to head away from the hurricane but then later, when I called my husband at home with the storm outside, he told me that they hadn't even had any rain." -Sue Chrzan, spokeswoman for Card Services For Credit Unions, relating how she inadvertently managed to put herself right in Hurricane Charley's way. "It certainly illustrates the policy issue that we're facing." ICBA SVP and Director of the Congressional Relations Group Steve Verdier said of NCUA Region V's approval of LA Financial Credit Union to serve the more than 10 million residents of Los Angeles County. "We're not likely to see such a big increase that it will have a significant impact on consumer debt or make a huge difference in the monthly payments consumers make on their debts." -
CUNA Chief Economist Bill Hampel commenting on the effect a rise in interest rates will have on the consumer debt level.
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